NASDAQ:MRVL - Marvell Technology Group Stock Price, News, & Analysis

Marvell Technology Group trades on the NASDAQ under the ticker symbol "MRVL."

Marvell Technology Group declared a quarterly dividend on Thursday, December 6th. Shareholders of record on Wednesday, December 26th will be given a dividend of $0.06 per share on Tuesday, January 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.22%. The ex-dividend date is Monday, December 24th. View Marvell Technology Group's Dividend History.

Marvell Technology Group declared that its Board of Directors has authorized a share repurchase program on Tuesday, October 16th 2018, which allows the company to buyback $1,000,000,000.00 in shares, according to EventVestor. This buyback authorization allows the company to reacquire up to 7.9% of its stock through open market purchases. Stock buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

Marvell Technology Group Ltd. (NASDAQ:MRVL) issued its earnings results on Tuesday, December, 4th. The semiconductor company reported $0.33 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $0.32 by $0.01. The semiconductor company earned $851.05 million during the quarter, compared to analysts' expectations of $844.07 million. Marvell Technology Group had a net margin of 4.76% and a return on equity of 9.45%. Marvell Technology Group's revenue for the quarter was up 38.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.34 EPS. View Marvell Technology Group's Earnings History.

Marvell Technology Group is scheduled to release their next quarterly earnings announcement on Thursday, March 7th 2019. View Earnings Estimates for Marvell Technology Group.

Marvell Technology Group will be holding an earnings conference call on Thursday, March 7th at 4:45 PM Eastern. Interested parties can register for or listen to the call using this link or dial in at 8446475488.

Marvell Technology Group issued an update on its fourth quarter earnings guidance on Tuesday, December, 4th. The company provided earnings per share (EPS) guidance of $0.30-0.34 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.33. The company issued revenue guidance of $790-830 million, compared to the consensus revenue estimate of $849.02 million.Marvell Technology Group also updated its Q4 2019 guidance to $0.30-0.34 EPS.

19 brokers have issued twelve-month target prices for Marvell Technology Group's shares. Their predictions range from $21.00 to $30.00. On average, they anticipate Marvell Technology Group's share price to reach $24.9090 in the next year. This suggests a possible upside of 27.0% from the stock's current price. View Analyst Price Targets for Marvell Technology Group.

19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Marvell Technology Group in the last year. There are currently 3 hold ratings and 16 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View Analyst Ratings for Marvell Technology Group.

News stories about MRVL stock have trended somewhat positive this week, according to InfoTrie Sentiment Analysis. The research firm identifies positive and negative news coverage by reviewing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores closest to five being the most favorable. Marvell Technology Group earned a news sentiment score of 0.6 on InfoTrie's scale. They also gave news articles about the semiconductor company a news buzz of 1.0 out of 10, meaning that recent news coverage is extremely unlikely to have an impact on the stock's share price in the immediate future.

Marvell Technology Group saw a increase in short interest in the month of January. As of January 31st, there was short interest totalling 26,226,547 shares, an increase of 3.6% from the January 15th total of 25,309,150 shares. Based on an average daily volume of 14,042,026 shares, the days-to-cover ratio is presently 1.9 days. Currently, 4.2% of the shares of the company are sold short. View Marvell Technology Group's Current Options Chain.

Some companies that are related to Marvell Technology Group include Micron Technology (MU), Analog Devices (ADI), Applied Materials (AMAT), NXP Semiconductors (NXPI), Xilinx (XLNX), Infineon Technologies (IFNNY), Advanced Micro Devices (AMD), TOKYO ELECTRON/ADR (TOELY), Microchip Technology (MCHP), Kyocera (KYOCY), Maxim Integrated Products (MXIM), STMicroelectronics (STM), Skyworks Solutions (SWKS), ON Semiconductor (ON) and ASE Technology (ASX).

Based on aggregate information from My MarketBeat watchlists, some companies that other Marvell Technology Group investors own include Micron Technology (MU), Intel (INTC), NVIDIA (NVDA), Advanced Micro Devices (AMD), Cisco Systems (CSCO), Bank of America (BAC), Alibaba Group (BABA), Applied Materials (AMAT), QUALCOMM (QCOM) and Citigroup (C).

Marvell Technology Group's stock is owned by a variety of of institutional and retail investors. Top institutional investors include BlackRock Inc. (5.43%), Boston Partners (2.33%), Standard Life Aberdeen plc (1.77%), Epoch Investment Partners Inc. (1.47%), Jennison Associates LLC (1.04%) and Geode Capital Management LLC (0.91%). Company insiders that own Marvell Technology Group stock include Jean X Hu, Marvell Semiconductor, Inc Ca, Matthew J Murphy, Michael G Strachan, Sehat Sutardja and Syed Ali. View Institutional Ownership Trends for Marvell Technology Group.

MRVL stock was sold by a variety of institutional investors in the last quarter, including Bank of New York Mellon Corp, Millennium Management LLC, Standard Life Aberdeen plc, Canada Pension Plan Investment Board, Epoch Investment Partners Inc., State of Tennessee Treasury Department, Jennison Associates LLC and First Trust Advisors LP. Company insiders that have sold Marvell Technology Group company stock in the last year include Marvell Semiconductor, Inc Ca, Matthew J Murphy and Syed Ali. View Insider Buying and Selling for Marvell Technology Group.

MRVL stock was purchased by a variety of institutional investors in the last quarter, including BlackRock Inc., Westfield Capital Management Co. LP, Oregon Public Employees Retirement Fund, Segall Bryant & Hamill LLC, Park West Asset Management LLC, Boston Partners, TD Asset Management Inc. and Squarepoint Ops LLC. Company insiders that have bought Marvell Technology Group stock in the last two years include Jean X Hu and Michael G Strachan. View Insider Buying and Selling for Marvell Technology Group.

Shares of MRVL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of MRVL stock can currently be purchased for approximately $19.61.

Marvell Technology Group has a market capitalization of $12.89 billion and generates $2.41 billion in revenue each year. The semiconductor company earns $520.83 million in net income (profit) each year or $1.04 on an earnings per share basis. Marvell Technology Group employs 3,749 workers across the globe.

The official website for Marvell Technology Group is http://www.marvell.com.

Marvell Technology Group's mailing address is 22 VICTORIA STREET, HAMILTON D0, HM 12. The semiconductor company can be reached via phone at 441-296-6395 or via email at [email protected]